Rate cuts all over the world may force the Fed to do the same
Stabilization of the Chinese yuan and the worst for almost a decade decline in the German industrial production discouraged the EURUSD bulls. There are rumors in Forex that China will hardly strongly devalue its currency. In theory, it will create a competitive advantage and provide benefits to exporters, but it is much more complex in reality. According to the IMF research, A 1 percent U.S. dollar appreciation against all other currencies in the world predicts a 0.6–0.8 percent decline within a year in the volume of total trade between countries in the rest of the world….
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